Is North Barrington, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Barrington is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, North Barrington was a Buyer's Market.

Key Takeaway

North Barrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Barrington, IL

How much do homes in North Barrington, IL cost?

Median Sold Price

$665,000

$145/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$325,000(-32.8%)

Key Takeaway

Homes in North Barrington have sold for 32.8% less than they did a month ago.

Summary: The median home sold price in North Barrington was $665,000 in March 2024, down 32.8% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $990K$400K
-59.6%
4 $862.5K$665K
-22.9%
5+ -$1.0M
N/A

Summary: North Barrington housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 59.6%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes did not change.

Housing Supply in North Barrington, IL

How many homes are available in North Barrington, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2428+16.7%

Summary: The North Barrington real estate market had 28 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 44
0.0%
4 79
+28.6%
5+ 1314
+7.7%

Summary: The North Barrington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Barrington, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in North Barrington in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for North Barrington, IL

How long does it take to sell a home in North Barrington, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
86 Days37 Days-56.6%

Summary: Homes in North Barrington had an average of 37 days on market in Mar 2024, down by 56.6% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Barrington are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in North Barrington; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in North Barrington, IL

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